Question

A category that is not in the chart of accounts is

Answer 1

Let's look at the Accounting Equation = Assets = Liabilties + Stockholders' Equity

For most businesses, their chart of accounts will include Current Assets (or Short Term Assets) as well as Long Term Assets. An example of a current asset if cash, and a building is a long term asset.

Short term and long term Liabilities are also included too - money you owe. A Note Payable is a long term example, Interest Payable is a short term one.

Stockholders' Equity is one too - these include your stocks, your retained earnings.

But, expect for Retained Earnings, the names of your statements are not. So "Balance Sheet" is not a category, nor is "Cash Flows Statement".

Answer 2

The chart of accounts is a compilation of all accounts used in an organization's central database. The account is ordered to ease the task of locating specific accounts by account number. There, assets, liabilities, stockholder's equity, and expenses are registered. Some other transactions such as cash flows are registered in separate statements but included eventually in the company'es financial statements.